Web4 rows · Jun 15, 2024 · Section 194C deals with the provisions for tax deduction at source at the time of payment to ... WebFeb 11, 2024 · Section 194C provides for TDS to be deducted on payment made to a transporter on contract. TDS on transportation charges are required to be deducted under …
Brokers cannot Issue Non-TDS Declarations u/s 194C(6 ... - YouTube
WebJan 22, 2024 · Therefore TDS is to be deducted u/s 194C, and not u/s 194I. [CBDT Circular No. 1/ 2008.] Hall rent paid by an association for use of it: Since the association is assessed as an association of persons and not as an individual or HUF, the obligation of tax deduction will be there, provided payment for the use of hall exceeds Rs. 2,40,000 WebJul 29, 2024 · Section 194C – TDS on payment to contractor or subcontractor Example: No TDS is required to be deducted in the above scenario. What is the rate with which TDS is to be deducted? When TDS is to be deducted? Earlier of: Credit to the account of the receiver Actual payment What is the time limit to Deposit TDS? tie backs for woodland blush curtains
TDS Rate Chart AY 2024-25 (FY 2024-24) - thetaxtalk.com
WebApr 11, 2024 · Sec 196A of the act provides that where any income in respect of the units of the Mutual fund specified u/s 10(23D) or a company referred to in clause 10(35) of the Act paid to the non-resident person, then TDS @ 20% shall be deducted at the time of credit of such income to the account of payee or at the time of payment whichever is earlier. WebJul 4, 2024 · 194C of Income tax states that any person responsible for paying to contractor or sub-contractor for carrying out any work (including supply of labour for carrying out work) in pursuance of a contract between a specified person and the resident contractor ‘ Specified persons ’ as per section 194C includes any of the followings: Company Firm / LLP WebMar 3, 2024 · Rate of TDS u/s 194Q. The applicable rate of Tax Deducted at Source (TDS) under section 194-Q is 0.10%, it shall be applicable on aggregate purchases over & above Rs 50 Lakhs from a Supplier in India in a financial year. ... Like for example, if TDS is deducted on transaction under section 194C then no TDS is required to be deducted under ... the manhattan club nyc